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Cherry Hills Village Housing Information

IndexCherry Hills VillageColoradoNational
Median home price$1,239,800$264,600$184,700
Median rent asked$2,269$1,057$949
Avg. people per household3.12.52.6
Owner occupied households95.2%64.4%63.6%
Renter occupied households4.8%35.6%36.4%
Above is a snapshot look at the real estate market in Cherry Hills Village, CO. In Cherry Hills Village, CO, the median house price is $1,239,800, making the price 369% higher than that the average for Colorado. Therefore, the affordability of Cherry Hills Village, CO area real estate is less affordable than the real estate in other areas of Colorado. In addition, Cherry Hills Village, CO has a median rent price of $2,269; this price is 115% higher than that the average rental price for Colorado. 95.2% of residents in Cherry Hills Village, CO are homeowners, and the average amount of people who reside in each home is 3.1. Cherry Hills Village, CO has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Cherry Hills Village, CO real estate for sale.

Cherry Hills Village Home Affordability

When looking for real estate in Cherry Hills Village, CO, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Cherry Hills Village, CO, the median price of a home is $1,239,800 and $224,125 is the median household income. This means that the home price to income ratio is 5.5x, a ratio that is 31% higher than the average in Colorado. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Cherry Hills Village, CO will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Cherry Hills Village, CO.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Glendale CDP, CO78$0100%
Lakeside, CO10$0100%
Derby, CO8,930$125,30032%
Glendale, CO4,905$135,20027%
North Washington, CO324$146,00021%
Cherry Hills Village, CO6,414$1,239,800571%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Huntingburg, IN6,414$98,90046%
Crystal Lake, FL6,413$61,80067%
Middleton, ID6,416$136,30026%
Naples Park, FL6,416$259,00040%
Batesville, IN6,417$170,2008%
Cherry Hills Village, CO6,414$1,239,800571%

Source: The Cherry Hills Village, CO housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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